Bonewitz, Paul Lasell obtained financing of $5M from Mers As Nominee

Bonewitz, Paul Lasell as borrower signed a loan agreement with lender Mers As Nominee valued at $5.0 million for 1 parcel, including the tax class two-family, converted (from one family) (B3) and containing 2 residential units at 161 State Street in Brooklyn Heights. The deal closed on June 25, 2019 and was recorded on August 07, 2019.
The property contains a total of 5,316 square feet of built space. The property has 2,316 square feet of available development rights.
The average loan per buildable square foot is $941.
The last time the property sold was January 25, 2013, for $2,600,000.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $440,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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